The crypto market is again taking a red shift towards consolidation to bullish while Tokens like IOTA (IOTA), Chainlink(LINK), and Ocean Protocol (OCEAN) are emerging as some of the best crypto to buy now on November.
As the broader crypto market is down 0.5% from the previous day, these tokens have helped investors retain the crypto market again. Coming to the top cryptos, Bitcoin has come down to $37,900 range from its previous high of $38,000 as of November. Talking about altcoins, Ethereum is doing great, overcoming its last resistance of $1,980 and residing comfortably at $2,000.
The current market dynamics however became a bit bearish after multiple sanctioning of crypto firms has been reported throughout the week. The top 10 tokens failed to give high yields so investors turned towards IOTA, LINK, and OCEAN for November.
Best Crypto To Buy Now
Experts believe that some of the best crypto to buy now is the one that gives you better yields on any given day. Let’s delve into the price projections of IOTA, LINK, and OCEAN to draw better conclusions.
IOTA (IOTA) Price Prediction: DLT Registration Boosts Price
IOTA Crypto Chart
IOTA’s recent surge of more than 48% in one day has attracted investors’ attention as covered by Coingape lately. The surge is related to the recent registration of a development foundation in Abu Dhabi.
The IOTA Ecosystem DLT Foundation claims to be the first foundation to be registered under the DLT Foundations Regulations regulatory framework. Above all, the organization has also announced a $100 million fund which will be locked for 4 years. This sparked a huge wave of optimism in the IOTA ecosystem which resulted in a price rally.
IOTA’s recent price action signifies a breakthrough, surpassing the $0.202 resistance and establishing a new level at $0.27, albeit considered a false resistance due to a sudden price spike. The local support stands firm at $0.16. Notably, the 50-day Moving Average (MA) positioned at $0.17 lies beneath the current trading price, indicating a bullish trend.
However, caution is warranted as the Relative Strength Index (RSI) currently sits at 67, signaling an oversold zone, suggesting potential sell pressure that could trigger a price downturn at any given moment.
At the press time, IOTA (IOTA) was trading at $0.236603 with a 24-hour trading volume of $330 million. This is a 9.82% increase in the previous 24 hours and a 32.04% increase in the last 7 days.
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Chainlink (LINK) Price Prediction: Staking V2 Upgradation
LINK Crypto Chart
Chainlink has come out as one of the leading choice of experts recently. In a recent development, Chainlink’s staking mechanism has been improved to Staking v0.2. The staking pool has been expanded to 45 million LINK or 8% of the circulating supply.
LINK’s price action is forming a symmetrical triangle pattern, hinting at potential market dynamics. A breakout above could spark a bullish rally, while a break below might initiate a bearish move.
Key levels to watch include local resistance at $15.32 and local support at $13. The 50-day Moving Average (MA) positioned at $12.07 lies beneath the current trading price, signaling a bullish trend. The Relative Strength Index (RSI) is at 57, indicating a neutral zone.
Chainlink (LINK) price was trading at $14.64, with a 24-hour trading volume of $564 million. This indicates a 1.25% decrease in the last 24 hours and a 2.34% gain in the last seven days.
Ocean Protocol (OCEAN) Price Prediction: Analyst Bullish On Price Uptick
OCEAN Crypto Chart
The new AI protocol Ocean is making waves in the market. The recent AI bubble has caught many investors’ attention to various AI cryptos. Famous crypto analyst Rekt Capital has also selected OCEAN as one of the top picks for recent holding.
As per Rekt Capital, the monthly timeframe now presents a new perspective, revealing that OCEAN has breached the monthly diagonal trend. It consequently reenters the green-red macro range also.
Despite the breakthrough, OCEAN has not asserted itself above the red Range High resistance; instead, it shows signs of rejection. This suggests a potential consolidation phase within the current range.
OCEAN could experience a corrective dip, potentially reaching as low as the Range Low of this macro range. Notably, this Range Low aligns closely with the confluent support of the purple diagonal trendline that OCEAN broke out from in the previous month. A dip to this level would serve as a comprehensive retest, confirming both the post-breakout support and the trendline’s resilience.
Ocean Protocol (OCEAN) was trading at $0.460428 with a 24-hour trading volume of $46 million. This is a 5.98% increase in the previous 24 hours and a 5.98% increase in the last 7 days.
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